Equity Market Analysis For 29 January 2015

Equity trading tips

• Sensex closed in red, Nifty at new ending high; HDFC up 2 percent
• SpiceJet joins low fare race
• Jaiprakash Power likely to default on $200 mn convertible bonds
• Adani Power reduces Q3 loss to Rs 428.7 cr, revenue upward 31 percent
• Ranbaxy posts Q3 profit loss of Rs 1030 cr; revenue at Rs 2619 cr
• Gammon to buy Sadbhav's 20 percent in Mum Nasik E-way for Rs 72 cr
• 30 share index closed at 29,547.63, downward 23.41 points or 0.08 %. It touched an all time max of 29,786.32 and an intraday lowered of 29,417.67 in trade today.
• Nifty ended at 8,907.90, downward 2.60 points or 0.03 %. It touched an all-time max of 8,985.05 and a low-lying of 8,874.05 in trade today.
• Reliance (upward 2.17 %), HDFC (upward 2.08 %), Wipro (upward 2.03 %), ONGC (upward 1.56 %) and TCS ( upward 1.17 %) were among the Sensex profit gainers.
• Bharti Airtel (4.69 %), Sesa Sterlite (3 %), Tata Motors (2.83 %), L&T (2.75 %) and Tata Steel (2.01 %) were among the index losers.
• Market breadth was negative on the BSE with 1124 profit gainers against 1740 losers.

DAILY GAINERS AND LOOSERS

GAINERS

HDFC

HCL Tech

DLF

Asian Paints

BPCL

LOOSERS

Sesa Sterlite

Bharti Airtel

Larsen

Kotak Bank

Tata Motors